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Tender could be called for €660m rehabilitation project in capital

The government or state-owned railway company MÁV could call a tender for a €660 million rehabilitation of the area behind Budapest's Nyugati railway station, a proposal obtained by business daily Világgazdaság shows.

Under the proposal, prepared by the Hungarian National Asset Management Company (MNV) and commissioned by the government, the winning bidder would get a 20- to 25-year concession to use the area and maintain the railway infrastructure. At the end of the period, MÁV would take over the infrastructure, but the winning bidder would keep the commercial buildings on the site.

The investment is seen reaching €660 million, Világgazdaság calculated from the itemized cost list in the proposal.

The project could be inaugurated by 2012.

An MNV official declined to comment on any commission it has from the government to prepare such a proposal, when asked by Világgazdaság. The official did not recognize the proposal obtained by the paper.

The area behind Nyugati station was earlier to be transformed into a new government quarter, but the plans were scrapped in January 2008. (MTI-Econews)